The Payment of Bonus (Amendment) Bill, 2015

[sanjay jain]

Earlier we are paying 8.33% bonus to all workers and office staff.

Now as per The Payment of Bonus (Amendment) Bill, 2015, which amend the Payment of Bonus Act,1965 on 7 December, 2015, should we have to pay double bonus onward to all employee.

AI Summary

2015 Amendment Raises Bonus Eligibility and Wage Limits; No Requirement to Double Bonus Payments A forum discussion addressed the implications of The Payment of Bonus (Amendment) Bill, 2015, on bonus payments. Previously, a bonus of 8.33% was paid to workers and office staff. The amendment, effective from December 7, 2015, increased the eligibility and wage limits but did not require paying double bonuses. The eligibility limit rose from 10,000 to 21,000 per month, and the calculation ceiling increased from 3,500 to 7,000 or the applicable minimum wage, whichever is higher. Two participants clarified that these changes do not mandate doubling the bonus for employees.